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What is a Gold Tax?

What is the gold Tax?

The gold tax is a tax levied on gold in western countries before the 19th century.

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There are two methods of taxation: one is based on the amount of gold currently in circulation, the other is based on the annual output of the mine. Both tend to reduce the amount of gold and increase its value.

So both taxes will fall temporarily on the owners of the currency until the supply is reduced. But that part of the social burden is always to be paid in the end by the owners of the mines in the form of reduced rents, and by the buyers of that part of the gold which is enjoyed as a consumer good rather than as a medium of circulation.

Gold market is hot, investors make a lot of gold money, gold trading to make a lot of money, everyone is very happy, but many large households do not know, gold passbook, gold bars to earn money, all to report income tax, gold large households by the class income tax potential risk, comprehensive enveloped.

At the turn of the year, the old year will end, the declaration of income tax, gold tax, must take a good drink pour some. Tax experts pointed out that with the rise of gold, tax officer sharpening knife, investors once locked, may be checked income tax, make gold wealth, but tax instability.

The price of gold rose sharply, breaking through 800 us dollars in succession and approaching 850 US dollars. Gold trading volume increased greatly, such as Taiwan Silver trading nearly 1000 kg a month, and many gold households made big money.

Some big families buy dozens of kilograms, a profit of millions of yuan, there are more than 60,000 households gold deposit book investment, trading gold profit, other investors like gold futures, buy gold funds, have money. However, big gold money, those profits must pay income tax, those need not, many people do not know.